GMS Inc (GMS) Insider G Michael Callahan, Jr. Sells 33,333 Shares

GMS Inc (NYSE:GMS) insider G Michael Callahan, Jr. sold 33,333 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $33.65, for a total transaction of $1,121,655.45. Following the completion of the sale, the insider now owns 428,419 shares in the company, valued at approximately $14,416,299.35. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of GMS Inc (NYSE GMS) opened at $33.91 on Wednesday. The firm has a market cap of $1,372.89, a PE ratio of 21.19, a P/E/G ratio of 2.39 and a beta of 1.70. GMS Inc has a 12 month low of $27.20 and a 12 month high of $39.98. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.80 and a current ratio of 2.91.

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GMS (NYSE:GMS) last released its quarterly earnings data on Tuesday, March 6th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.22). The business had revenue of $585.60 million for the quarter, compared to analyst estimates of $602.08 million. GMS had a return on equity of 12.75% and a net margin of 2.70%. GMS’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. analysts expect that GMS Inc will post 2 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC acquired a new stake in GMS during the fourth quarter worth about $496,000. Maple Capital Management Inc. increased its stake in shares of GMS by 112.1% in the fourth quarter. Maple Capital Management Inc. now owns 130,000 shares of the company’s stock valued at $4,893,000 after purchasing an additional 68,705 shares during the period. Metropolitan Life Insurance Co. NY acquired a new stake in shares of GMS in the fourth quarter valued at approximately $340,000. Jane Street Group LLC increased its stake in shares of GMS by 2,621.4% in the fourth quarter. Jane Street Group LLC now owns 188,839 shares of the company’s stock valued at $7,108,000 after purchasing an additional 181,900 shares during the period. Finally, TIAA CREF Investment Management LLC increased its stake in shares of GMS by 23.3% in the fourth quarter. TIAA CREF Investment Management LLC now owns 336,600 shares of the company’s stock valued at $12,670,000 after purchasing an additional 63,551 shares during the period. Hedge funds and other institutional investors own 72.83% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada restated a “buy” rating and issued a $46.00 target price on shares of GMS in a research note on Friday, December 8th. Barclays set a $46.00 target price on shares of GMS and gave the company a “buy” rating in a research note on Sunday, January 7th. ValuEngine lowered shares of GMS from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Northcoast Research set a $41.00 price objective on shares of GMS and gave the stock a “buy” rating in a research note on Wednesday, March 7th. Finally, Zacks Investment Research lowered shares of GMS from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. GMS has a consensus rating of “Buy” and a consensus target price of $39.09.

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GMS Company Profile

GMS Inc is a distributor of wallboard and suspended ceilings systems, or ceilings. The Company provides a product offering of over 20,000 stock keeping units (SKUs) of wallboard, ceilings and complementary interior construction products for interior contractors. It offers steel framing and ancillary products for its customers.

Insider Buying and Selling by Quarter for GMS (NYSE:GMS)

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